On Fixing the Watchdog: Legislative Proposals to Improve and Enhance the SEC

Read the full text of this testimony as a PDF

Thank you very much, Mr. Chairman, Ranking Member Frank, and Members of the Committee, for inviting me to appear today at your hearing. It is an honor and privilege for me to provide information for your deliberations regarding organizational issues at the Securities and Exchange Commission.

I come before you today as a visiting scholar at the American Enterprise Institute for Public Policy Research, as well as a former commissioner of the Securities and Exchange Commission and a former member of the Congressional Oversight Panel for the TARP.

I would like to begin by congratulating this Committee for taking up the issue of improving and enhancing the SEC. I have had the privilege of working at the SEC a total of ten years, first as a staffer in two chairmen’s offices and then as a commissioner under three chairmen. In that time the SEC has grown from an agency of approximately $170 million to the current budget of more than $1 billion.

Paul S. Atkins is a visiting scholar at AEI.

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Paul S.
Atkins

What's new on AEI

Defeating ISIS: AEI experts weigh-in before the president’s address on Wednesday
image Degrading, defeating, and destroying the Islamic State
image Wealth Building Home Loan: Building wealth through homeownership and retirement savings
image The $3 iPhone
AEI on Facebook
Events Calendar
  • 15
    MON
  • 16
    TUE
  • 17
    WED
  • 18
    THU
  • 19
    FRI
Tuesday, September 16, 2014 | 5:00 p.m. – 6:00 p.m.
The Constitution as political theory

Please join us for the third-annual Walter Berns Constitution Day Lecture as James Ceasar, Harry F. Byrd Professor of Politics at the University of Virginia, explores some of the Constitution’s most significant contributions to political theory, focusing on themes that have been largely unexamined in current scholarship.

Wednesday, September 17, 2014 | 8:10 a.m. – Thursday, September 18, 2014 | 1:30 p.m.
Third international conference on housing risk: New risk measures and their applications

We invite you to join us for this year’s international conference on housing risk — cosponsored by the Collateral Risk Network and AEI International Center on Housing Risk — which will focus on new mortgage and collateral risk measures and their applications.

Thursday, September 18, 2014 | 2:15 p.m. – 3:00 p.m.
Speaker of the House John Boehner on resetting America’s economic foundation

Please join us as Speaker John Boehner (R-OH) delivers his five-point policy vision to reset America’s economy.

Friday, September 19, 2014 | 9:15 a.m. – 11:00 a.m.
Reforming Medicare: What does the public think?

Please join us as a panel of distinguished experts explore the implications of the report and the consumer role in shaping the future of Medicare.

No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.